NZD/USD close to reach an offer zone

NZD/USD close to reach an offer zone

During the last few days, NZD/USD has been recovering from the broad-based weakness seen in the week, now consolidating gains slightly above the 50 SMA at H1 chart. As the pair already found resistance in the Fibonacci level of 50% at 0.6974, we could expect another leg higher towards the 61.8% Fibo zone at 0.6992, where the 200 SMA is located. If Kiwi touches such area, then we can expect a drop to test the 0.6841 level, where lies the Fibonacci level of -23.6%.

RSI indicator stays in the neutral territory.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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